Nexentis Technologies (NASDAQ:NXTS) Stock Price Up 10.8% – Time to Buy?

Shares of Nexentis Technologies Inc. (NASDAQ:NXTS) shot up 10.8% during trading on Monday . The company traded as high as $6.25 and last traded at $4.94. 274,862 shares were traded during trading, an increase of 869% from the average session volume of 28,376 shares. The stock had previously closed at $4.46.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Nexentis Technologies in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Nexentis Technologies Stock Up 5.4%

The company has a current ratio of 4.73, a quick ratio of 4.19 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.23 million, a price-to-earnings ratio of -0.04 and a beta of 1.71. The firm’s 50 day simple moving average is $4.81 and its two-hundred day simple moving average is $10.71.

Nexentis Technologies (NASDAQ:NXTS) last announced its earnings results on Wednesday, April 1st. The company reported ($2.66) EPS for the quarter.

Institutional Investors Weigh In On Nexentis Technologies

A hedge fund recently bought a new stake in Nexentis Technologies stock. DRW Securities LLC acquired a new position in shares of Nexentis Technologies Inc. (NASDAQ:NXTS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,363 shares of the company’s stock, valued at approximately $44,000. DRW Securities LLC owned approximately 0.97% of Nexentis Technologies as of its most recent SEC filing. Hedge funds and other institutional investors own 61.24% of the company’s stock.

Nexentis Technologies Company Profile

N2OFF, Inc, an agri-food tech company, engages in the development and sale of eco-friendly green solutions for the food industry to enhance food safety and shelf life of fresh produce. Its products are based on proprietary blend of food acids combined with various oxidizing agent-based sanitizers and low concentrated fungicides for cleaning, sanitizing, and controlling pathogens on fresh produce that are safer for human consumption and extend their shelf life by reducing their decay. The company’s products include SavePROTECT or PeroStar, a processing aid for post-harvest application that is added to fruit and vegetable wash water; and SF3HS and SF3H, a post-harvest cleaning and sanitizing solution to control plant and foodborne pathogens.